24option Trading Platform
In order to start trading with 24option, South African traders need to know that the minimum deposit for this broker is $250, an industry average.
Other currencies South Africans can use are EUR, GBP, YEN or RUB, but once the currency is chosen it is not possible to change it. Minimum trading amount with 24option is, indicatively, $24 while the maximum investment is $100000.
As we continued with our inspection of 24option trading platform for our 24option broker review, we also found out that they use TechFinancials trading software, which is one of the well-known names when it comes to trading software.
24option Trading Services and Features
Furthermore, we are able to inform South African traders via this 24option broker review, that they offer variety of different trading options such as:
Expiry times 24option offers together with the above mentioned trading options are: 60sec, 2 min, 5 min, 15 min, 30 min, 1 h, 24h+ and end of the month.
Assets available with 24option are sorted into 4 distinct categories and are: stocks, indices, commodities and currencies.
More than hundred underlying assets are available to South African traders for binary options trading which can be executed from Monday to Friday, from 5 am to 10 pm, which are the official trading hours of 24option.
As a binary options broker who is keeping pace with the times, 24option also offers great trading tools and features to their registered South African traders. The presence of these tools and features on their platform only serves as further proof that 24option are dedicated to providing their traders with both efficient and successful trading experience.
Mobile trading application is an extremely useful tool, especially once we consider the pace of the modern world we all live in. Modern man is constantly moving, trying to make the most of each day, hence it makes sense to come up with a trading tool which will accommodate such a lifestyle.
Our 24option broker review can further relate that the mobile app is compatible to be used on both Android as well as iOS devices. By putting this option to use, South African traders will be in a position to traded no matter their location as well as to use all opportunities as they appear. Trading app can also be used on tablets as well.
24option broker also offers demo account to interested South African traders. Demo is a trading feature available to 24option registered South African traders. While demo account cannot be used to directly make profit, it is a handy feature which can help traders to achieve that goal eventually.
Especially useful to South African traders who are new to binary options trading, demo account provides the opportunity to experience what binary options trading looks like but the risk which is usually present in trading is absent in this case.
The funds on demo account are virtual but everything else mimics the real trading account.
On the other hand, as we continued compiling our 24option broker review, we discovered that even experienced South African traders can benefit from demo account since they can try different trading strategies, options or to have a go with different expiry times.
24option Account Types
Always trying to offer their registered traders numerous options, 24option also has 5 different types of trading accounts. South African traders can choose between the Basic, Silver, Gold, Platinum and Diamond trading accounts.
As traders will notice as they continue reading our 24option broker review, every account is different and offers interesting features and possibilities to the traders.
24option Basic Trading Account
As the Basic account for interested traders, it covers a wide range of available trading tools and features, which include spreads (3 types) and leverage 1:200. Leverage can help traders into trading with bigger amounts, while having smaller trading portfolio.
Traders have on disposal to choose between mobile trading platform and web-based. One withdrawal in the month is free of charge as well as customer support service that is available 24 hours per day. Feature One-click trading is also included since its ability to allow traders to have trades more quicker.
South Africans are advised to check Trading Central in order to have more information about how to analyze trading data and increase chances to have profitable trades in binary options.
24option Silver Trading Account
Silver trading account included same level of trading tools as we have listed above in 24option broker review. As additional trading feature, South African traders will have opportunity to experience live trading signals which are generated in real time and reflect on relevant market trends.
Also, in 24option Silver account, traders can get assistance by contacting personal account manager in case they need any help while trading binary options or CFDs.
24option Gold Trading Account
According to 24option broker, Gold account is the widespread trading account due to its benefits and opportunities for registered South African traders.
In Gold account, traders are able to use following trading instruments and features, such as: leverage 1:200, several spreads, mobile trading app and one-click trading option.
In our 24option broker review, we noticed how Gold account is marked as the most popular trading account, in comparison with other ones. This account type included all trading options and feature as seen in Silver account type.
The only additional tool is possibility to receive trading signals via smartphone or sms. Just as with Silver account, traders in South Africa are able to get help from dedicated account manager, have one free withdrawal per month, features such as mobile app, one-click trading etc.
Traders will also get one free withdrawal per month and get assistance from Personal Coach who can greatly help traders into maximizing their performance in binary options trading.
South Africans will also have access to trading alerts who are delivered in real time and could be sent via email or sms.
24option Platinum Trading Account
To registered traders who choose Platinum account, 24option brokers offers a numerous trading tools. They include all tools and services which we have listed in Gold account.
Unlike previously mentioned trading accounts, in Platinum one, there is no withdrawal fee. This means how traders are able to withdraw funds as many times they want.
24option Diamond Trading Account
The main difference between Diamond trading account and the rest of them is in option to use customised trading platform. This enables traders to adjust tools and settings which are more suitable for them.
Also, this account type includes Juventus tickets as well as a wide range of existing trading instruments from Platinum account.